Total System Services (NYSE:TSS)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse Group in a research note issued to investors on Wednesday. They presently have a $87.00 price target on the credit services provider’s stock, up from their previous price target of $73.00. Credit Suisse Group’s target price suggests a potential upside of 5.81% from the stock’s current price.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Stephens restated a “buy” rating and issued a $88.00 target price on shares of Total System Services in a research note on Wednesday, January 10th. Evercore ISI upgraded Total System Services from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $90.00 target price on shares of Total System Services in a research note on Thursday, January 4th. Finally, Mizuho restated a “hold” rating and issued a $85.00 target price on shares of Total System Services in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Total System Services currently has an average rating of “Buy” and an average price target of $75.19.
Shares of Total System Services (TSS) traded up $0.22 on Wednesday, reaching $82.22. The company had a trading volume of 1,095,100 shares, compared to its average volume of 1,223,460. Total System Services has a 52 week low of $49.98 and a 52 week high of $82.91. The stock has a market cap of $15,220.00, a price-to-earnings ratio of 36.54, a P/E/G ratio of 1.83 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The company had revenue of $852.80 million during the quarter, compared to analyst estimates of $842.30 million. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts predict that Total System Services will post 3.2 EPS for the current year.
In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the transaction, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC increased its stake in shares of Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after buying an additional 1,100 shares during the period. TLP Group LLC purchased a new position in shares of Total System Services during the second quarter valued at approximately $122,000. Parkwood LLC purchased a new position in shares of Total System Services during the third quarter valued at approximately $200,000. Reliance Trust Co. purchased a new position in shares of Total System Services during the third quarter valued at approximately $211,000. Finally, Advisor Partners LLC purchased a new position in shares of Total System Services during the third quarter valued at approximately $213,000. 75.95% of the stock is currently owned by institutional investors and hedge funds.
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About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
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